On Wednesday, domestic stock markets closed with strong gains, supported by oil prices dropping below $100 a barrel and positive sentiment from a potential trade deal between the United States and India. The Nifty index has struggled below the 50-day exponential moving average (EMA) for eight sessions, indicating a bearish trend. However, Senior Technical Analyst Rupak De from LKP Securities notes that the index may be forming higher lows, suggesting a possible recovery. Analysts recommend buying Hindustan Zinc Limited (HZL) at a price range of ₹638-642, with a target of ₹700 and a stop-loss at ₹610. HZL is showing signs of a breakout from a consolidation phase, supported by a strong relative strength index (RSI) above 60. Additionally, Vedanta Limited is suggested for purchase at ₹315-316, targeting ₹325-330 with a stop-loss at ₹308. The stock is in a strong uptrend, trading above key EMAs, but may face short-term resistance around ₹320. Both stocks require careful monitoring of support levels to maintain their bullish outlook.